Boenning & Scattergood analyst Robert Farnam maintained a Hold rating on Donegal Group (NASDAQ: DGICA) today. The company’s shares closed yesterday at $13.43, close to its 52-week low of $13.20.
According to TipRanks.com, Farnam is a 1-star analyst with an average return of -3.2% and a 38.7% success rate. Farnam covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, 1347 Property Insurance Holdings Inc, and Hallmark Financial Services.
The word on The Street in general, suggests a Hold analyst consensus rating for Donegal Group.
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Based on Donegal Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $789.9K. In comparison, last year the company had a net profit of $7.11 million.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock.
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Donegal Group, Inc. is an insurance holding company, which engages in the provision of insurance and reinsurance services. It operates through the following segments: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance and Investment in Donegal Financial Services Corporation (DFSC).
